Aviation Sector 150x150 Aviation Sector Firms Allowed to Avail of ECBS for Working Capital RequirementsThis time any market sector that is under huge pressure is only the Aviation Sector and the Govt. decision regarding this result an increased demand of regular cash flow.

Continuously expanding financial amount for regular operating transaction due to growing competition in Aviation market is forcing Airline to perform better with high financial deals. Read the rest of this entry…

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mutual funds 150x150 Retail money kept escaping equity fundsAs per latest stock market report, there is a continuous reduction in the toll of Retail investors of equity mutual funds that was at peak in last fiscal year.

Although in other sectors like mutual funds, a hike trend is being seen as in interest for gold exchange traded funds (ETFs) and index ETFs, the toll of accounts in combine 2010 and 2011 is increased from 1.66 lakh to 4.75 lakh. Read the rest of this entry…

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pranabmukher 300x248 India will not decrease imports from Iran: Pranab MukherjeeIt is expected that Iran is in a great force to make the nuclear missiles for challenging American troops. Several nuclear reactant centers have also been identified in Iran and while asking Tehran says its nuclear program is for peaceful means.

The US and European Union banned oil imports from Iran earlier this month and they wants from India to do same for pressuring on Tehran to ruin its nuclear projects.

But by rejecting the sanction against Tehran, the Finance Minister of India, Pranabh Mukherjee clearly said that it would not possible for India to cut petroleum oil imports from Iran. Read the rest of this entry…

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micromax logo 300x206 Four companies including Micromax skips IPO plansAs per the news, in spite of huge stock market in this year, four major firms have refrained from coming out with IPOs worth Rs 700 crore, leasing their regulatory sanctions drops.

In the meantime, the four firms which have let their sanctions drop include Micromax Mobiles, Pride Hotels, Betul Oil and Tara Jewels.

Captivatingly, there are more than 10 other firms who have suitable approval in hand and are left with just two months in their validity period of one year from the date of approval. Read the rest of this entry…

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delhi metros 300x208 3 Metro stations to be closed for a few hours todayAs per the latest news from the national capital, New Delhi, the three Metro stations near Rajpath will be closed for a few hours and services to some extent shortened on two lines on the occasion of Beating Retreat today.

It is reported to media that on Line 2 (Jahangirpuri-Gurgaon), the Central Secretariat and Udyog Bhawan stations will remain closed from 03.00 PM to 06.30 PM on Sunday.

Nevertheless, interchange of passengers from Line 2 to Line 6 and vice versa will not be affected and it will go on.

The statement was released to media by an official from the Metro officials. Read the rest of this entry…

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Gas pipeline 300x191 India Pakistan decides regular TAPI transit feeAs like oil pipeline agreement with Iran, now oil Minister of India and Pakistan agree on the same deal to make transit of gas at a uniform transit fee for it from Turkmenistan.

However both are agreed on the proposal of $7.6-billion Turkmenistan pipeline that decision taken after hold a meeting between S Jaipal Reddy and Pakistani minister Asim Hussain yesterday.

After this deal processing India should be able to export petrol, Diesel and other petroleum products to Pakistan that should ensure help in the economic growth of country on both sides. Read the rest of this entry…

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citigroup 300x218 Citigorup, HSBC, Bank of America Merrill Lynch and Barclays will cut jobs in IndiaThe impact of global crisis is putting on the performance of banks that decides to cut of many jobs as a result of financial imbalance.

As per source report Citigroup in India will struck out about 4,500 jobs globally and 100 in its local business in India, beside it other HSBC, Bank of America Merrill Lynch and Barclays are deciding to cut off jobs in their Indian operations.

As per records, HSBC will show door to its employers in Indian operation units as it made 30,000 reductions internationally. Royal Bank of Scotland also decides to merge with others company that lead to more than a dozen reductions.

The decision is taken after analyzing global strategy that require for parent companies’ shrinking balance sheets to boost capital. Read the rest of this entry…

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C Rangarajan 300x246 Indian Cash Rates Company; fall in liquidity in next weekThe step of cutting down the Cash Reserve Ratio by RBI has appreciated by the PM’s Economic Advisory Council Chairman C Rangarajan. The rate is decide to be reduce by 5.5% from 6 and as per this the banks has made deposits Rs 32000 crores into the banking system.

The cut down liquidity will surly put effect on the interest rates and also help to push up inflation. Rangarajan said, “The improvement in liquidity conditions will automatically have an effect on interest rates. Improvement in liquidity conditions will lead to softening of interest rates.”

The reduction will help to downing the food inflation on which changing pattern of the policy rate depends. If the results will be of positive then rates cannot be changed. Read the rest of this entry…

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Pharma 300x202 Strides Arcolab sells its Australian unit to WatsonAs per latest reports, the giant Drug manufacturer company Strides Arcolab Ltd has recently announced that the company has sold its 94 percent shareholding in Ascent Pharmahealth Ltd, its subsidiary with operations in Australia and Southeast Asia, to United States generic drug company Watson Pharmaceuticals Inc.

Meanwhile, the deal was from Watson values Ascent at the market value of around A$375 million.

Further, the reports have said that the transaction includes that the Watson has taken-over the other 6 percent shareholding associated with Ascent’s chief executive officer Dennis Bastas. The deal was inked and closed at the same time. Read the rest of this entry…

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Bajaj Auto 300x199 Bajaj Auto third quarter net up 19% yoyAs per the latest reports, the giant auto sector company, Bajaj Auto has recently announced its third quarter earning reports, showing a growth of 19.19 percent in net profit at Rs 795 crore in the quarter ended December last year.

In the same period of 2011, the company reports a growth of Rs 667 crore.

Bajaj Auto reports a growth of Rs 4840 crore for the quarter under review. However, a loss on derived hedging is announced as Rs 59 crore.

The major automobile company announced high sales of over 1 million units for the third successive time in a row, and reported a revenue of around Rs 5154 crore and export revenue of Rs1710 crore. Read the rest of this entry…

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